WorkPad partners with Insurami to provide businesses with zero deposit office leasing

6 January 2022

London’s leading serviced and managed office provider WorkPad has partnered with Insurami to help businesses access premium office space in Central London with zero deposit and reduced barriers to entry in the post pandemic market.

Through the partnership, companies can get back into fully fitted bespoke offices and headquarters in desirable locations in Central London deposit free and on flexible terms.

With the ways of working evolving, WorkPad is seeing an increase in businesses looking for agile social spaces to attract talent and drive creativity as they return to the workplace after the pandemic. 

“Through our partnership with Insurami, we are able to offer companies an easier way to obtain a fully fitted customised office space or new headquarters on flexible lease terms. Helping companies to get back to what they do best,” said Edward Griffin, Chief Executive of WorkPad.

“We have recently helped to place two household name businesses into fully managed headquarters of 5,000 - 7,500 sq. ft. of self-contained space. Both with a custom fit-out managed by our in-house design specialists. We are sure these are the first of many.”

Insurami is setting a new standard for office leasing and removing pain points for both tenants and landlords by enabling deposit-free and seamless commercial leasing. It helps landlords and agents to close more deals faster, whilst helping tenants to quickly and flexibly secure new space without tying up funds into deposits.

Instead of paying a deposit upfront, tenants pay a small monthly fee for a Deposit Guarantee which pays out to the landlord if the tenant defaults, saving tenants over 95% of their upfront deposit costs – money they can use in their business. 

Majed Chaaraoui, CEO and Founder of Insurami, added: “Our new partnership with WorkPad will enable us to further accelerate our Deposit Guarantees platform and provide tenants with an attractive alternative for commercial deposits. This innovative approach will help businesses to invest and grow, facilitating their return to the office and unlocking cash which would otherwise be tied up in deposits.”